Wednesday, October 3, 2012

US 41 Self Storage in Fort Myers, FL Sold by Marcus & Millichap for $3.2 Million



US 41 Self Storage, Fort Myers, FL
 FORT MYERS, FL, Oct. 3, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of US 41 Self Storage, a 76,903-square foot self-storage facility located in Fort Myers, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office.

Michael A. Mele, a first vice president investments and senior director of Marcus & Millichap’s National Self-Storage Group (NSSG) in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a Florida-based financial institution and the buyer a partnership.

Michael A. Mele
US 41 Self Storage was constructed in 2006 and is located in Fort Myers, Florida.  The property is 80.6 percent physically occupied and has 438 self-storage units, 208 of which are climate-controlled units, 87 are non-climate controlled and 143 are RV/boat parking spaces.  The facility consists of one two-story building and five one-story buildings.  Storage units at this facility range from 25 to 300 square feet.  

“The speed with which buyers not only placed offers, but also competed heavily on terms, resulted in a deal that went from listing to closing in under three weeks.” said Mele, “We have seen incredible activity on distressed self-storage assets as buyers compete heavily on both price and terms for these opportunities.”


Press Contact:

 Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700

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